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Showing posts from October, 2021

Crop insurance claims at Rs 9,570 cr for 2020-21 lower by over 60 pc from previous year

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PMFBY was launched in 2016-17 with many improvements over the erstwhile crop insurance schemes. The operational guidelines of the scheme were revised with effect from Rabi 2018 and kharif 2020, respectively, to ensure the benefits reached farmers adequate and timely. from Agriculture-Economy-News-Economic Times https://ift.tt/31j1cIf

CAI estimates cotton production at 360.13 lakh bales for 2021-22 crop year

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The total estimated cotton supply till end of the 2021-22 season, that is up to September 30, 2022, was at 445.13 lakh bales, which consists of the opening stock of 75 lakh bales at the beginning of the season, crop for the season estimated at 360.13 lakh bales and imports for estimated at the same level as in the last year at 10 lakh bales. from Agriculture-Economy-News-Economic Times https://ift.tt/3CCX6sk

Govt to promote 20 indigenous and globally popular exotic fruit crops this year: Narendra Singh Tomar

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"During the current year, 8,951 hectares area for exotic fruits and 7,154 hectares area for indigenous fruits will be brought under cultivation," Tomar said addressing a conference to commemorate the international year of fruits and vegetables. from Agriculture-Economy-News-Economic Times https://ift.tt/3nz7U4g

Indian mills need to export more sugar without subsidy: Official

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Earlier, the government said sugar mills have contracted to export 1.8 million tonnes of sweetener so far in the 2021-22 marketing year, starting this month and asked industry players to ship at least 6 million tonnes to liquidate surplus stocks. from Agriculture-Economy-News-Economic Times https://ift.tt/3nBzC0q

India's record rice crop brings problem of plenty for farmers juggling protest

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The sit-in against controversial agriculture reforms is taking place in the capital, miles away from the five acres (2 hectares) of lush green rice paddies tended by Sukrampal Beniwal in his village of Munak, in the northern state of Haryana. from Agriculture-Economy-News-Economic Times https://ift.tt/3nt79d5

Centre to support incubation of new method developed by Kerala-based farmer to control pests in cashew gardens

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In a statement, the agriculture ministry said, "A woman farmer from Kannur district of Kerala has come up with an innovative practice to develop support roots in cashew trees to protect her senile cashew garden from devastating borer attacks and frequent cyclonic storms." from Agriculture-Economy-News-Economic Times https://ift.tt/3Bb3qWo

India's rubber output dented by heavy rains in Kerala, to lift imports

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The production is likely to be lower in November as well, as the onset of north-east monsoon will bring heavy rainfall, but the output will recover from December onwards, he said. Kerala received 117% more rainfall than normal so far in October, according to the weather department. from Agriculture-Economy-News-Economic Times https://ift.tt/3nmZ2i9

Centre's Rs 2,000-3,000 cr scheme to digitalise PACs on anvil

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Since PACs are under the ambit of state government, the scheme envisaged will be on a 60:40 basis for five years and total budget is expected to be Rs 2,000-3,000 crore. Back in 2017, the government had moved a proposal to computerise PACs with a budget outlay of Rs 1950 crore. However, it could not get the cabinet clearance. from Agriculture-Economy-News-Economic Times https://ift.tt/3aXrEsp

Crystal Crop Protection to acquire cotton, mustard, pearl millet and grain sorghum hybrids in India

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The business acquired by Crystal Crop Protection represents a very small portion of Bayer’s Indian and global business portfolio. from Agriculture-Economy-News-Economic Times https://ift.tt/3pkQURY

Gujarat to harvest record high groundnut crop, says SEA

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"Gujarat is expected to harvest a record groundnut crop of 38.55 lakh tonnes during the current kharif season, which is about 8.74% higher when compared to 35.45 lakh tonnes produced in the previous year. The production is up mainly due to normal to excessive rainfall during the months of August and September and absence of significant crop damage," said SEA in the statement. from Agriculture-Economy-News-Economic Times https://ift.tt/3n8fr9Z

Onion prices expected to stay firm till Diwali

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Traders said the weather will remain the key factor that will influence onion prices till December, when the arrival of the new crop normally is at its peak. from Agriculture-Economy-News-Economic Times https://ift.tt/30EsHvv

Retail tomato prices skyrocket to Rs 93 per kg in metros as unseasonal rains damage crop

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Among metro cities, tomatoes were sold at Rs 93 per kg in Kolkata, Rs 60 per kg in Chennai, Rs 59 per kg in Delhi and Rs 53 per kg in Mumbai on Monday, data showed. The retail price of tomatoes was ruling at more than Rs 50 per kg in over 50 cities out of 175-odd cities tracked by the consumer affairs ministry. from Agriculture-Economy-News-Economic Times https://ift.tt/3lRkJXV

Government buys 56.62 lakh tonnes of paddy so far in kharif marketing season for Rs 11,000 crore

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The kharif marketing season (KMS) 2021-22 runs from October to September. Food Corporation of India (FCI) is the government's nodal agency for procurement and distribution of foodgrains. from Agriculture-Economy-News-Economic Times https://ift.tt/3aOStyQ

Oilmeal exports down 36% in September 2021, says Solvent Extractors' Association

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In the first six months of 2021-22, oilmeal exports fell to 12.75 lakh tonne from 13 lakh tonne in the year-ago period. According to the latest data released by the Solvent Extractors' Association (SEA), soyameal exports declined sharply to 5,831 tonnes in September this year from 68,576 tonnes in the year-ago period. from Agriculture-Economy-News-Economic Times https://ift.tt/3BSWYo2

Tea exports down by 14% in first seven months of 2021 owing to US sanctions

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Secretary-general of India Tea Association (ITA) Arijit Raha said that this is because exports to Iran, which was once a big buyer of Indian tea, was lower due to the sanctions by the US. The other prime reason is non-availability of shipping containers which have become very expensive during the COVID times. from Agriculture-Economy-News-Economic Times https://ift.tt/3n5uwsY

Indian tea exports may witness recovery as Kenyan government fixes minimum reserve price

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The sharp price difference between the Indian and Kenyan teas has therefore narrowed down and Indian producers have started receiving export enquiries from West Asia, Russia, Kazakhstan and the US for black tea. This year, Indian tea had faced a tough competition from Kenyan tea as its prices were Rs 250-300 per kg while Kenyan tea was priced at less than Rs 150 per kg. from Agriculture-Economy-News-Economic Times https://ift.tt/3jd7XRR

'Onion prices being stabilised with buffer stock release; efforts on to soften tomato, potato rates'

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​​ In addition, Grade-B onions (stocks which are below the fair average quality- FAQ) are disposed of in local markets in Maharashtra, Madhya Pradesh and Gujarat, it said. ​ Besides releasing onions in the market, the ministry has offered onions from the buffer at Rs 21 per kg to all states and Union territories for lifting from the storage locations. ​ from Agriculture-Economy-News-Economic Times https://ift.tt/30owWuT

Agritech startups: Think beyond organic, think hydroponics

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Pelican Aeroponic is among two dozen farm startups that have come up over the past few years, with a promise of growing "better-than-organic" or "beyond-organic" fruits and vegetables in India. from Agriculture-Economy-News-Economic Times https://ift.tt/3BPD7pV

Cabinet okays Rs 28,655 cr subsidy on P&K fertilisers for rabi season to benefit farmers

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The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the Nutrient Based Subsidy (NBS) rates for P&K fertilisers for October 2021 to March 2022 period. Rabi (winter-sown) season starts in October. from Agriculture-Economy-News-Economic Times https://ift.tt/2YJj9hS

Tomato, onion prices rise in Delhi on high fuel rates, crop damages in Karnataka, Maha

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Prices of vegetables like tomatoes & onions in Delhi's markets see an increase of around Rs 10-20/kg due to crop damages in Karnataka & Maharashtra and high fuel rates from Agriculture-Economy-News-Economic Times https://ift.tt/3BAeuxl

Sugar companies likely to witness 5-7 pc revenue growth in FY'22: Report

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On the back of favourable pricing environments domestically and globally as well as increased share of ethanol in revenue mix, the revenues of a sample of sugar companies are expected to grow by 5-7 per cent in FY22 on a year-on-year basis, Icra said in a report. from Agriculture-Economy-News-Economic Times https://ift.tt/3BAdOYP

Sugar companies' revenue to grow by 5%-7% in FY2022: ICRA

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Notwithstanding the likely increase in cane prices, the operating margins too may remain steady at 12.5%-13.0% in FY2022 (similar to FY2021 levels) aided by current favourable pricing and revenue mix trends. from Agriculture-Economy-News-Economic Times https://ift.tt/3lvUAxN

India considers $3.8 billion increase in fertilizer subsidy

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A cabinet meeting chaired by Prime Minister Narendra Modi may approve the enhanced subsidy for winter-sown crops as early as this week from Agriculture-Economy-News-Economic Times https://ift.tt/30k8haX

Natural farming gives edge to Himachal Pradesh apple growers in market

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The non-chemical low-cost climate resilient SPNF technique is being promoted for agriculture and horticulture crops in Himachal Pradesh as a part of PK3Y, launched by the state government in 2018. from Agriculture-Economy-News-Economic Times https://ift.tt/3DqsmdL

Prices of cooking oils, except mustard oil, fall on reduction in import duties: Government

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After the duty reduction (with effect from September 11) on imported edible oils, domestic retail prices have reduced in the range of 0.22 per cent to 1.83 per cent. from Agriculture-Economy-News-Economic Times https://ift.tt/3loQ9op

Cotton prices may stay way above minimum support levels in 2021-22 cotton year

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Along with cutting India’s cotton exports, high cotton prices will reduce the central government’s procurement budget for cotton to a miniscule amount from the Rs 55,000 crore spent collectively on cotton procurement during the previous two cotton seasons, said trade and industry veterans at a webinar organized by Cotton Association of India (CAI), the apex trade body of cotton. from Agriculture-Economy-News-Economic Times https://ift.tt/2YtIo7A

India needs a comprehensive rice strategy to deal with challenges: Report

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The report said that the rice production is beset with a variety of risks. High fertilizer price, plummeting water table, soaring agricultural input prices and asymmetric market price information constitute risk factors. from Agriculture-Economy-News-Economic Times https://ift.tt/2ZVvShS

Coffee producers urge finance minister Nirmala Sitharaman to restructure Rs 5,000-crore outstanding loans

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The industry has sought conversion of the crop loans to term loans, an increase in the repayment period to seven years with a three- year moratorium and reduction in the interest rate on loans to 3%. from Agriculture-Economy-News-Economic Times https://ift.tt/3AeGUv3

Procurement of paddy at MSP by Haryana govt started on October 3: CM Manohar Lal Khattar

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"The procurement of paddy at MSP by the Haryana government has been duly started from October 3, 2021. Under this, passes have been issued on the state's 'e-procurement portal' for the purchase of about 3.60 lakh tonnes of paddy so far in the state," said Haryana Chief Minister's Office in a tweet in Hindi. from Agriculture-Economy-News-Economic Times https://ift.tt/3oLy7P4

Prices of basmati rice, edible oils and pulses ride high going into festive season

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Rains have impacted the quality of pulses and certain categories of pulses like have witnessed a rise of 10% -12% in prices. Edible oil prices, though, have fallen by Rs 10 per litre in last two months, but there is no possibility of a further reduction in prices in the near term as international prices are ruling high. from Agriculture-Economy-News-Economic Times https://ift.tt/3iyOY45

First consignment of Kashmiri walnuts leaves for Karnataka

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Kashmir accounts for 90% of India’s walnut production. With their superior quality and taste, the Kashmiri walnuts are a great source of nutrients and hence widely in demand across the globe. There is immense potential for this product to make its place in the local and global markets. from Agriculture-Economy-News-Economic Times https://ift.tt/3A23SFK

Darjeeling tea exporters initiate talks with Chinese importers

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The younger generation in China is leaning towards black tea in the ready-to-drink format, said industry executives. China is the largest producer of green tea in the world while India leads in black tea production. from Agriculture-Economy-News-Economic Times https://ift.tt/2YigXxi

KRIBHCO, CSC tie up to market agri-input products

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KRIBHCO is engaged in the business of manufacturing, importing and marketing of fertilizers, agri inputs and seeds. from Agriculture-Economy-News-Economic Times https://ift.tt/3a2pjMg

Paddy procurement to commence in Punjab, Haryana from October 3

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"I am happy that the Union Consumer Affairs Minister Ashwini Kumar Choubey has accepted our request, and procurement will start in Haryana from October 3," Haryana Chief Minister Manohar Lal Khattar, who was flanked by his deputy Dushyant Chautala and state Agriculture Minister J P Dalal said, said after meeting the central minister in Delhi. from Agriculture-Economy-News-Economic Times https://ift.tt/3FbgHRV

World Bank project promotes Premium Quality Rice in Joha variety

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​The Joha rice is grown in Sali/ Kharif season. Major Joha varieties included in this are Kola Joha, Keteki Joha, Bokul Joha, Kunkuni Joha. from Agriculture-Economy-News-Economic Times https://ift.tt/3osziTp

India's ethanol blending program will not be at the cost of food production, says ISMA

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Earlier, the government said around 17 million tonnes of surplus foodgrains will be utilised, apart from sugarcane molasses, for manufacturing ethanol to achieve the target of 20 per cent blending with petrol by 2025. from Agriculture-Economy-News-Economic Times https://ift.tt/3iksB27

Centre doubles incentive on sugar sacrificed for producing ethanol from October 2021

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In the 2020-21 ethanol marketing year ending November, the country is estimated to achieve an 8.5 per cent blending of ethanol with petrol, with a supply of 3.35 billion litres to oil marketing companies (OMCs), according to ISMA. from Agriculture-Economy-News-Economic Times https://ift.tt/3uvyCxB

Nearly 17 mn tonnes of surplus foodgrains to be used for ethanol making: Food Secy

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Food Secretary Sudhanshu Pandey said the government is encouraging ethanol production not only from molasses but also from foodgrains like maize and rice to achieve the blending targets. from Agriculture-Economy-News-Economic Times https://ift.tt/3A1D5t0

Heavy September rains ensure normal monsoon for third straight year

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The monsoon rainfall may persist for some more time in October as the moisture-laden winds continue to blow across the country. Total rainfall over the crucial June-September season was 0.7% below the long-period average of 88 centimetres, as per data from the IMD. from Agriculture-Economy-News-Economic Times https://ift.tt/3upR6Qi